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New Attorney for Binance Approved by Judge Amidst SECs Secret Filing

New Attorney for Binance Approved by Judge Amidst SECs Secret Filing

In the latest development in the SEC lawsuit against Binance, a federal judge approves a new attorney for Binance.US.

  • Attorney Andrew Rhys Davies has filed a notice of appearance for Binance.US in the lawsuit.
  • Judge Amy Berman Jackson has approved Davies’ motion to appear pro hac vice.
  • Judge Jackson required Davies to undergo training and agree to file papers electronically.
  • Binance.US has sought a protective order in response to the SEC exceeding the consent order.
  • Judge Jackson referred the protective order motion to Magistrate Judge Faruqui.

The SEC is filing a document under seal in the lawsuit, likely related to money laundering allegations or criminal conduct.

  • The SEC may reveal a criminal investigation or prosecution against Binance by the U.S. Department of Justice.
  • Former SEC enforcement official John Reed Stark believes the filing could put a witness or company at risk.
  • The details of the filing will remain confidential.

Hot Take: Binance is facing increased scrutiny from the SEC, with the appointment of a new attorney and the filing of a confidential document. The outcome of the lawsuit and the potential implications for Binance and its U.S. entity remain uncertain.

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New Attorney for Binance Approved by Judge Amidst SECs Secret Filing